Author: Corey Fick

How should nonprofit organizations be thinking about AI adoption? We’ll cover creating a roadmap, from basic to advanced that will get you started today while planning for future transformative work. We will go over the tools available to nonprofits now, from Copilot to ChatGPT, and what policies should be in place for organizational security and governance. 

Russell Greenwald, Vice President of Insource Services Inc., and Ryan Night, Insource’s new Team Lead for Data Solutions, will make a presentation about the use of Artificial Intelligence by Non-Profit Organization in their planning and operations.

Presentation

Please join us for a panel presentation by representatives of government agencies and the broker community to explore ways to purchase employee benefits including health insurance and retirement plans. Representatives from the Massachusetts CORE Plan, The Massachusetts Health Connector, and Edan Barshan of Universal Benefit Plans will join us to discuss benefit purchasing options.  Edan will discuss a relatively new health insurance option (ICHRA – Individual Coverage Health Reimbursement Arrangement)which could save your agency and employees a lot of money.

Resources:

ICHRA Presentation

MA Health Connector

Mass Core Plan

At this week’s NPFM meeting we’ll take a look at online platforms for expense reporting, payables, card management, and reimbursements. A team from CliftonLarsonAllen will give examples of how these functions can be simplified and automated, and will lead a discussion of current ecosystems. The goal is to provide an overview of the landscape, and to stimulate thinking on what will work for your organization. 

Our presenters from CLA are:

Dana Duffy, BizOps Controller. With 20 years of accounting experience working in both private/industry and public sectors, Dana specializes in supporting nonprofit clients, with hands-on experience developing accounting processes, managing financial controls, and helping clients get the most out of business and accounting software, including QBO and Bill.

Tom Pappas, BizOps Chief Financial Officer, focused on nonprofits: associations, human services, community development, religious, and technology groups. Tom is a senior level financial and operations professional with over 38 years of for-profit and non-profit experience. Prior to joining CLA, Tom worked for 9 years with a professional services firm that specialized in supporting nonprofit organizations. Tom has also served as Director of Finance and Administration for a social services non-profit and CFO of a long-standing non-profit preservation society.

Shannon Okey, Senior Technical Consultant, Product Leader for spend management solutions and Xero, with experience leading implementation of QBO, Bill, Tallie, Expensify, Right Networks and Airbase. Shannon has close to 4 years of software consulting experience and takes pride in onboarding and supporting clients with software that will help them button up their processes and run their business smoothly and efficiently.

Presentation Materials

Rich Cawthorne, founder and CEO of Alpha Pensions (part of HUB International), will present on what is new for employer sponsored retirement plans, including highlights of the SECURE Act, and ways in which employers are modifying their plans to better support their employees’ long-term financial goals.

Presentation Materials

Joyce Ripianzi, CPA, Lauren M. Duplin, CPA, and Amy Staunton, CPA, from AAFCPAS, will give the presentation about revenue recognition and grant management and systems to support those functions.

They are experts in the field of non-profit accounting and management including accounting solutions, best practices, auditing and compliance standards, and non-profit finance.

The presentation will touch on the following topics:

1)     The principles of non-profit revenue recognition

2)     Information about Systems that do some or all of the following:

• Collect the key data related to each grant (restrictions, conditions, whether it is a contribution or an exchange transaction) and appropriately code activity in the GL
• Determine and meet reporting and other requirements
• Separately record and report out on grant expenditures
• Apply approved indirect costs
• Calculate and release revenue from restricted to unrestricted and deferred to unrestricted (if applicable)
• Manage differences between the grant life and fiscal years
• Provide schedules for audit purposes
• Maintain grant records (proposals, award letters, reports, etc.)

Presentation Materials